Tuesday, August 23, 2011
Industry News: National
US comparable-chain-store sales for July rose by 4.6% on a year-over-year basis as measured by ICSC Research's tally of 27 major retail chain stores. All segments tracked saw the July comparable-store sales pace moderate from a strong June pace. Among merchandise categories, Apparel was particularly weak in July, up 1.4% following a strong 5.5% jump in June. Luxury Retailers, however, continued to outpace the industry with a 8.0% sector gain. Other segments ran as follows: Wholesale Clubs were up 9.9%, Department Stores gained 3.5%, Discounters increased 4.1%, and Drugstores were up 2.5%. Among individual retailers, Gap dropped by 5.0% and Limited gained 6.0%; Costco was up 10.0% and BJs gained 9.2%. Nordstrom and Neiman Marcus gained 6.6% and 7.7% respectively; Target grew by 4.1% and TJX by 4.0%. Macy’s gained 5.0%, Kohls dropped by 4.6%; Walgreens was up 2.7%, and Rite Aid rose 1.7%. See our more extensive list of retail sales results below.